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while there was an increase in the productivity of factor inputs during the 1990s, most of the growth in value added is … explained by growth in the use of factor inputs. We also find that median technical efficiency declined in all but one of the … industries between the two years, and change in technical efficiency explains a very small proportion in the change in gross …
Persistent link: https://www.econbiz.de/10010268573
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10010269463
In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the … examples. We find that the reliability of efficiency scores critically hinges upon the ratio of the variation in efficiency to …
Persistent link: https://www.econbiz.de/10010280699
, measured by labour productivity. To this end, the stochastic frontier technique is applied, basing the analysis on a unique … as pivotal input in order to control for their particular contribution to firm-level efficiency. Conceptually, the study … results of this study suggest that - if the aim is to leverage companies' productivity - emphasis should be put on supporting …
Persistent link: https://www.econbiz.de/10010269441
spillovers from other foreign firms operating in the same product market. This evidence on the dynamics of efficiency is …
Persistent link: https://www.econbiz.de/10010262073
recent empirical work on the impact of organizational capital on firm productivity and workers? wages. We then discuss in … detail how organizational capital has been measured and the measurement issues that face those trying to understand the …
Persistent link: https://www.econbiz.de/10010262635
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10010271756
Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms …, those with a measurement cost advantage choose to implement performance pay. They attract the best workers, and both the … switch to salary firms once their productivity is revealed. The magnitude of the resulting worker flows depends on the payoff …
Persistent link: https://www.econbiz.de/10010268459
bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent … empirical analysis confirms this hypothesis. The presence of works councils exerts a positive impact on productivity within the …
Persistent link: https://www.econbiz.de/10010262527
productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a …
Persistent link: https://www.econbiz.de/10010265405